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mayor clinton. >> mayor chelsey clinton. >> jennifer: you think hillary clinton would be interested in being mayor? >> no, as great as new york is, i think it would feel like a demotioning to from traveling the world as secretary of state to dining the fine restaurant of new york. i think they'll vote in quinn. >> jennifer: karl, let me follow up with you. there is a new york democrat nate shinigoa who lost his race, but he received a letter from hillary clinton, and he posted it on his facebook. and she's in fact in that letter encouraging him to keep on fighting in the political website, saying that is new for clinton. do you think she's building support for a presidential campaign? >> i don't think she's building support to go on a nice long vacation. >> jennifer: i totally agree. >> which is probably what she's going to do, take a break while her team puts everything together. it's smart politics congratulating, and offering condolences to anyone who lost. i think it's pretty normal. i think it's usual that a candidate would put it up for the world to see but i think it's a smart t
mayor clinton. >> mayor chelsey clinton. >> jennifer: you think hillary clinton would be interested in being mayor? >> no, as great as new york is, i think it would feel like a demotioning to from traveling the world as secretary of state to dining the fine restaurant of new york. i think they'll vote in quinn. >> jennifer: karl, let me follow up with you. there is a new york democrat nate shinigoa who lost his race, but he received a letter from hillary clinton, and he...
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a return to that, what we saw during the clinton years. what will that do to the economy? >> it will hurt, but it is necessary. let me make a few points. first, i think tax reform is obviously better than raising tax rates. raising the top marginal tax rate is less desirable than try to scale back reductions in the tax code. i think there are some reasonable approaches to tax reform. working for the day, going to -- i wish were king for the day, going through the code to decide what is good and what is bad. given that is not going to be the case, i think a proposal like maya's or even the president's is reasonable, and there is a lot of agreement for tax reform. $800 billion fromth the republicans. i think it is $600 billion from the president. i think there is room here for compromise. the second that i will say is that this tax reform will not generate enough revenue. $4 trillion. by my calculation, we do not need $4 trillion, but it is a bigger number than just tax reform will be able to generate, so in that context, we will have to let tax rates rise, and if we had to
a return to that, what we saw during the clinton years. what will that do to the economy? >> it will hurt, but it is necessary. let me make a few points. first, i think tax reform is obviously better than raising tax rates. raising the top marginal tax rate is less desirable than try to scale back reductions in the tax code. i think there are some reasonable approaches to tax reform. working for the day, going to -- i wish were king for the day, going through the code to decide what is...
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. >>> and could hillary clinton be presented with an offer she can't refuse? "early today" starts right now. >>> this is "early today" for monday, december 10, 2012. >>> hey there, good morning to you. i'm veronica de la cruz. right now residents in the midwest are waking up to the heaviest snow in months. highway closures and around 150 flight cancelations and delays at minneapolis, st. paul's airport, this morning. bill karins tracking the weather. what does it look like now? >> old man winter crashed the party this weekend. without a doubt. we were off to a warm period of weather throughout the country. now all the cold air up in canada and alaska has rushed to the south behind the storm. most of the snow was over with. light stuff and flurries minneapolis, green bay, light snow left for you. but the big story is the cold air that's behind this. if you're shoveling or snowplowing, it's miserable. the storm is heading east. instead of going due east or redeveloping off the coast, it's heading to quebec. it's dragging warm air up the eastern seaboard. it's on
. >>> and could hillary clinton be presented with an offer she can't refuse? "early today" starts right now. >>> this is "early today" for monday, december 10, 2012. >>> hey there, good morning to you. i'm veronica de la cruz. right now residents in the midwest are waking up to the heaviest snow in months. highway closures and around 150 flight cancelations and delays at minneapolis, st. paul's airport, this morning. bill karins tracking the...
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joining me now is richard, a former white house advicer to former president clinton and equality matters, a guy rights advocacy rights group. dustin, activist and award-winning screenwriter of the movie "milk." he's helped to lead the charge to overturn proposition 8. and jonathan capehart, opinion writer for "the washington post" and an msnbc contributor. let me thank you both for joining me tonight. >> thanks, rev. >> richard, what does this mean for same-sex marriage? are you hopeful about how the supreme court will decide? >> he will >> well, i think it's a very important day. what they told us today is that they are ready to decide this issue. i know that, you know, this is a legal thing and only in supreme court is it important when they tell you that they are ready to decide. it was a very significant moment. the supreme court said these are the cases that we will take and we are ready to decide this issue and because they are ready to decide this issue and because the arc of history is so clear, i'm optimistic that they will decide in favor of an expansive view for rights for all
joining me now is richard, a former white house advicer to former president clinton and equality matters, a guy rights advocacy rights group. dustin, activist and award-winning screenwriter of the movie "milk." he's helped to lead the charge to overturn proposition 8. and jonathan capehart, opinion writer for "the washington post" and an msnbc contributor. let me thank you both for joining me tonight. >> thanks, rev. >> richard, what does this mean for same-sex...
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. >> they did that the day after sitting down with with secretary of state hillary clinton. >> he clearly, morsi clearly felt emboldened to take that step. what president obama in six telephone conversation with president morsi before the cease-fire, as you said secretary of state there in egypt. whether there was a wink and a nod or body language, we don't know but morsi took it he would have a free hand and i believe that's why he acted. >> we'll see what happens this saturday, the clock it ticking. six days to go. embassador john bolton, always good to see you. >> thank you. >> the fighting in syria's spilling into neighboring lebanon. take a listen here. you can hear the gunshots. the rocket-propelled grenades and more tar fire are in the streets. supporters of bashar al-assad exchanging gunfire. more than a dozen people have been killed, more than 60 wounded. >> as unrest in other parts of the world, europe, in spain, a developing conflict over medical workers. they're taking to the streets to protest budgets cuts and plans to privatize hospitals in spain. thousands of demonstrators
. >> they did that the day after sitting down with with secretary of state hillary clinton. >> he clearly, morsi clearly felt emboldened to take that step. what president obama in six telephone conversation with president morsi before the cease-fire, as you said secretary of state there in egypt. whether there was a wink and a nod or body language, we don't know but morsi took it he would have a free hand and i believe that's why he acted. >> we'll see what happens this...
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among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the cap
among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are...
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bill clinton along others says said if there's a movie made by hillary clinton meryl streep should get the part. >>> next, secretary who? at a u.n. event to benefit people with disantibiotics, john mccain took on the rumors of who will be the next secretary of state after an introduction from john kerry. >> senator mccain. >> thank you very much, mr. secretary. >> kerry stepped up again after mccain but refused to bite on that one. >> thank you very much, mr. president. this is what happens when you get two losers up here, folks. >> that was a good line. kerry has been careful to stay clear of the public speculation about whom the president will actually pick to replace hillary clinton. >>> also, ads governor jan brewer, she's a heavyweight, in a comment about global warming. she doesn't think it's man made, but her own explanation for climate change is rather lacking. here is what she told a local reporter. >> everybody has an opinion on it, you know, and i probably don't believe it's manmade. i believe that, you know, weather and certain elements are controlled maybe by different thi
bill clinton along others says said if there's a movie made by hillary clinton meryl streep should get the part. >>> next, secretary who? at a u.n. event to benefit people with disantibiotics, john mccain took on the rumors of who will be the next secretary of state after an introduction from john kerry. >> senator mccain. >> thank you very much, mr. secretary. >> kerry stepped up again after mccain but refused to bite on that one. >> thank you very much, mr....
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we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that has the rates go back up at the end of the year. >> 39.6%? >> and the reason eye why -- >> i understand the reason why. >> if you don't do that, you have to ask yourself where, whose taxes are you going to raise? where are you going to fine the money to bring a balanced plan in place that reduces our long-term deficit? >> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they a
we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that...
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the obvious, and that is if you're going to get revenues from the top 2%, we've got to go back to the clinton tax rates. down the road, maybe make adjustments, but right now hang in there. >> i think that is exactly right. certainly last year in the fiscal deficit negotiations, we were upset when he caved in the end of the day. this time he is sticking with it drawing the line in the sand. they are saying capital and income from capital should be taxed the same way we tax earned income. that is a fundamental in equity in our tax code. >> that's right. this country in its economy he has done well when we've had policies that have promoted middle class expansion. this is good for capital. franklin roosevelt for all of understanding, he said if you don't have a middle class that works, you won't have an economy for the rich. there's a narrow mindedness that i've got mine and i want more and i'm take it from you if that's what it takes. american economic policy works best when it's building a middle class. >> you go back to henry ford, who is no legal tarian at heart. he said if my workers can't
the obvious, and that is if you're going to get revenues from the top 2%, we've got to go back to the clinton tax rates. down the road, maybe make adjustments, but right now hang in there. >> i think that is exactly right. certainly last year in the fiscal deficit negotiations, we were upset when he caved in the end of the day. this time he is sticking with it drawing the line in the sand. they are saying capital and income from capital should be taxed the same way we tax earned income....
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instead of going up to 39.6, which was the top rate that clinton set, it's down to 35 now. they move to 37, and republicans are a critical number of republicans in the house are able to say, well we didn't give if all the way. we got the best deal we could and held them to 37%. from the democrats' standpoint after fighting it for a decade, do you think it's good enough to get to 37%? >> normally that's where a compromise is. whenever you legislate numbers and tax rates are always just the legislation of numbers, the place to compromise actually is on what that number is. now, there are two numbers that the obama side, the democrats want to change. there are two top rates. the 33 and the 35. under the obama plan, the 33 would go to 36, the 35 would go to 39.6. you know, if you're trying to negotiate a compromise, you can start to play with each one of those numbers and try to find something. the huge problem for the republicans on doing that is they're opposed to any kind of tax increase on principle. so it's very hard for them to go into the negotiations that way and say, w
instead of going up to 39.6, which was the top rate that clinton set, it's down to 35 now. they move to 37, and republicans are a critical number of republicans in the house are able to say, well we didn't give if all the way. we got the best deal we could and held them to 37%. from the democrats' standpoint after fighting it for a decade, do you think it's good enough to get to 37%? >> normally that's where a compromise is. whenever you legislate numbers and tax rates are always just the...
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. >> federal income tax rates will go back up to the higher clinton era levels and long term unemployment benefits will dry up for over 2 million americans who have been out of work for six months or more. on friday bade boehner did not rule out a compromise on tax hikes for top earner, somewhere between 25% and the clinton era 36%. even if the two sides are making progress behind the scene, no one expects them to admit it until the last minute. but the office of management and budget has asked federal agencies for a list of possible cuts just in case there is no deal. cbs news, the white house. >> here is an economic indicator. there may be a boost going on in american business. a brisk holiday shopping season. that is under way right now. fedex is gearing up for its busiest day of the year as a result. a record 19 million packages are expected to ship out tomorrow. that is more than double the amount handled on a typical day. fedex says most of the increase in shipment is because of a big jump in online holiday orders. >>> another holiday tradition, red kettle and bell salvation army ri
. >> federal income tax rates will go back up to the higher clinton era levels and long term unemployment benefits will dry up for over 2 million americans who have been out of work for six months or more. on friday bade boehner did not rule out a compromise on tax hikes for top earner, somewhere between 25% and the clinton era 36%. even if the two sides are making progress behind the scene, no one expects them to admit it until the last minute. but the office of management and budget has...
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clinton will likely sign on to work with her husband at the clinton foundation for a while and could possibly write a book about her time as secretary of state. >>> speaking of political contenders, there could be a bruising and very entertaining battle just around the corner in new jersey. newark mayor cory booker says he will decide in the next two weeks whether he plans or not plans to challenge governor chris christie next year. >> i am absolutely considering running for governor as well as giving other options some consideration. >> if you decide not to run for governor, is there any chance you might run for another office, say senate, for example? >> yeah, i'm actually looking at that a lot as well and trying to give back because life ultimately is not about a position it's about a purpose. my purpose that i try to focus on every single day is how can i make a difference in the world around me and the community around me. i'm really thinking about both offices right now and which one can i better serve on the issues that i'm passionate about and the things i feel driven to cont
clinton will likely sign on to work with her husband at the clinton foundation for a while and could possibly write a book about her time as secretary of state. >>> speaking of political contenders, there could be a bruising and very entertaining battle just around the corner in new jersey. newark mayor cory booker says he will decide in the next two weeks whether he plans or not plans to challenge governor chris christie next year. >> i am absolutely considering running for...
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hillary clinton hillary clinton is holding surprise talks from russia's prime minister, amid reports president bashar al assad is considering using chemical weapons against his own people. >> afghan president hamid karzai sharply criticizes the united states in an interview with nbc news. he partly blames the u.s. for the instability in his country. >> part of the insecurity comes from the structures that nato and america created in afghanistan. the private security firms, the contractors that they promoted at the cost of afghan people and the way they behaved with the afghan people and the anger that has caused in the afghan people and the resulting insecurity. >> so would you say you believe that some of these would be intentional insecurity brought by nato and the united states? >> it is a very strong perception that some of that insecurity is intentional, yes. >> president karzai also accuses the u.s. of history lating the strategic partnership agreement the country signed last spring and said afghanistan will not sign any new agreements until the u.s. respects afghan sovereignty
hillary clinton hillary clinton is holding surprise talks from russia's prime minister, amid reports president bashar al assad is considering using chemical weapons against his own people. >> afghan president hamid karzai sharply criticizes the united states in an interview with nbc news. he partly blames the u.s. for the instability in his country. >> part of the insecurity comes from the structures that nato and america created in afghanistan. the private security firms, the...
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as buffet pointed out in his op-ed piece taxes went up from 2000 when clinton was in and the second part of the reagan administration because of the imbalances created by the reagan tax cuts and we created 23 million jobs. by the same token, you know, the tax cuts to the wealthy were extended a number of times including by president obama under duress and starting in 2009 that create add boom in financial assets, but didn't produce many jobs. those are just anecdotal situations, but you can see there have been studies done including most recent one, which was suppressed by the republicans. >> eliot: the republicans suppressing the story that actually shows the data contrary. >> so there's no evidence for their contention, ok, that a., tax cuts to get the wealthy create jobs or b., taxing the wealthy would somehow hurt economic growth. >> eliot: it is no longer a surprise to us that the republican leadership reject it is either science are an littics when it is contrary to an idealogy they very much want to embrace. have you tried to engage with the leadership of the republican party to s
as buffet pointed out in his op-ed piece taxes went up from 2000 when clinton was in and the second part of the reagan administration because of the imbalances created by the reagan tax cuts and we created 23 million jobs. by the same token, you know, the tax cuts to the wealthy were extended a number of times including by president obama under duress and starting in 2009 that create add boom in financial assets, but didn't produce many jobs. those are just anecdotal situations, but you can see...
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rates are relatively low historically, so the idea you raise them back to what people considered in the clinton era a reasonable rate is just a reasonable thing to do. it's not outrageous. really defaulting on the fact that tax rates have to go down, ultimately it falls on deaf ears. nobody likes to pay taxes, but we got to close the gap somehow. >> sure. could not agree with you more on that last point. if he we go back to the sort of origins of the self-inflicted fiscal whatever it is, you know, this all came out basically of the debt ceiling crisis of 2011 where republicans said, we are not going to do what we've done repeatedly for the past 30 years and just automatically raise the debt ceiling. we're going to hold the country hostage over that. one thing we keep hearing over and over is markets and businesses hate uncertainty. bruce bar let put this debt limit debate into context better than i could today. he wrote the debt limit is nuts and serves no useful purpose to allow members of congress to vote for vast cuts in taxation and increases in spending and telling the truzary it's not per
rates are relatively low historically, so the idea you raise them back to what people considered in the clinton era a reasonable rate is just a reasonable thing to do. it's not outrageous. really defaulting on the fact that tax rates have to go down, ultimately it falls on deaf ears. nobody likes to pay taxes, but we got to close the gap somehow. >> sure. could not agree with you more on that last point. if he we go back to the sort of origins of the self-inflicted fiscal whatever it is,...
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. same tax rates. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. @andersoncooper. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. we'll tell you about what just changed. more from
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. same tax rates. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again...
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the trips and meetings of hillary clinton with the u.n. and her russian counterpart, there's no hope for a diplomatic solution. instead what the people talk about are the suffering of the people. this house was bombed by mistake. the people who lived here lived next to a rebel commander. now they're homeless. there is also tremendous economic difficulties here. the syrian currency is worth about half of what it was worth when the war began. a loaf of bread costs 20 times what it did just a few months ago. but despite all of this the rebels are making advances. they say they hope to soon control the city of aleppo, the country's commercial capital. after that, damascus. richard engel, nfc news. >>> this morning latin music fans around the world are lourng the death of jenny rivera. the 43-year-old grammy nominee and six others died early sunday when their small plane crashed in rough terrain in northern mexico. she performed a concert inman tore ray hours before the plane took off. the leer jet reportedly lost contact with air traffic contr
the trips and meetings of hillary clinton with the u.n. and her russian counterpart, there's no hope for a diplomatic solution. instead what the people talk about are the suffering of the people. this house was bombed by mistake. the people who lived here lived next to a rebel commander. now they're homeless. there is also tremendous economic difficulties here. the syrian currency is worth about half of what it was worth when the war began. a loaf of bread costs 20 times what it did just a few...
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secretary clinton said she was not interested. politico reports actress ashley judd is seriously considering a run for 2014 against mitch mcconnell in his home state of kentucky. mcconnell's office warned he will not go easy on whoever the democratic challenger is but did not reference judd specifically. mitt romney is going back to work at his own job. marriott international has announced romney rejoined the board of directors after resigning two years ago. as for how much romney will earn, s.e.c. showed that directors received a base pay of $60,000 plus $1250 for every meeting they attended. romney has a long-time friendship with the members of marriott family and has served on the board off and on since 1993. >>> all right. time for the "news nation" gut check. bloomberg news is reporting that president obama is considering "vogue" anna wintor to be the next u.s. ambassador to the uk or france. she raised $500,000 for his re-election campaign. she's been at "vogue" for more than 25 years and they say she's very happy about the
secretary clinton said she was not interested. politico reports actress ashley judd is seriously considering a run for 2014 against mitch mcconnell in his home state of kentucky. mcconnell's office warned he will not go easy on whoever the democratic challenger is but did not reference judd specifically. mitt romney is going back to work at his own job. marriott international has announced romney rejoined the board of directors after resigning two years ago. as for how much romney will earn,...
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if you raise top rates back to where they were under clinton you can get $462 billion. if you do what joe suggested top rates you can only deduct 28 cents of each dollar that you have for charity you have $1 trillion tax increase on the top two brackets. more than half of the tax rate -- they file on the individual of the top brackets. should we be doing this? should we have $1 trillion of the new taxes. care tri marginal tax rate up to 40%. plus what the additional taxes. $1 trillion that are in new taxes on obamacare. most of them on the wealthy. plus, then, hit them on the deduction side. they will be paying top marginal rate of 40%. effective rate that is four or five or six rate ace head. >> bret: make believe you want to get to compromise. there is an easy way to get there. the president said i need $800 billion at revenue, there is a way to get there. let us not discriminate -- let's go simpson-bowles. let's let everybody decide how much they want to use for whatever deduction. maybe you want to use for education. maybe you want to use it for your home. maybe you
if you raise top rates back to where they were under clinton you can get $462 billion. if you do what joe suggested top rates you can only deduct 28 cents of each dollar that you have for charity you have $1 trillion tax increase on the top two brackets. more than half of the tax rate -- they file on the individual of the top brackets. should we be doing this? should we have $1 trillion of the new taxes. care tri marginal tax rate up to 40%. plus what the additional taxes. $1 trillion that are...
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karen, you worked with secretary of state clinton before. and she has been certainly trying to push the ball forward on this. when we talk about the balance between domestic priorities and international priorities, the sort of the party line is, look in a time of economic calamity, americans are focused on what's happening at home and not on the global stage. that complicates our efforts to intervene abroad. >> hillary has been outspoken and well spoken about why it matters to us at home, in part because of our moral leadership in the world. that's part of what was tragic about the vote that happened yesterday in the senate with the u.n. treaty on people with disabilities. america has this opportunity to lead, we hear the republicans talking about why aren't we leading more and more with our moral leadership, by saying human rights are important and you have someone like secretary clinton out there talking about it, talking about rights of women and girls everywhere she goes in a way we've never seen or heard before, so i think there's a lot
karen, you worked with secretary of state clinton before. and she has been certainly trying to push the ball forward on this. when we talk about the balance between domestic priorities and international priorities, the sort of the party line is, look in a time of economic calamity, americans are focused on what's happening at home and not on the global stage. that complicates our efforts to intervene abroad. >> hillary has been outspoken and well spoken about why it matters to us at home,...
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secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama administration taking this more seriously. the problem they face is a problem that they face in the sense of the last several months. the words don't mean as much now. they have been calling for assad to go for a year-and-a-half. they have been making the threats. very little of it has come to pass. there is very little action that supported the rhetoric over the course of the past year-and-a-half. if the stepped up rhetoric and hillary clinton identifying the use of chemical weapons as a redline which is well understood might give assad pause and people under him pause. it's the kind of situation where
secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama...
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does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition to. the problem with having that debate now suggests that that is all we have to do is find that a hundred dollars billion, and we are done. -- find that $8 billion dollars and we are done. we get it from spending cuts shia we believe there needs to be revenue coming in. there have to be investments for economic competitiveness and economic growth. this is not just rhetoric. it is how we do tax policy. which is how we make investments and how we deal with those families in the video worried about debt and higher education and retirement. >> on the tax side, as part of the adults of a sol
does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition...
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the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and not guaranteed. but the treasury secretary says the administration's plan is fiscally responsible and would prevent taxes from going up on 98% of americans. >> we think that is a very good set of proposals. we think it's good for the economy. if they have different suggestions they want to go further in some areas, then they should lay odds with us. >> reporter: secretary geithner said he cannot promise we will not go over the fiscal cliff and whether or not we go over it depends -- is a decision, rather, that lay in the hands of republicans that don't want to increase tax rates. speaker boehner said there is a chance we go over the cliff, but he doesn't want any part of that and he will do everything he can to avert that. eric, jamie? >> eric: peter, negotiations if and when they commence and co
the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and not guaranteed. but the treasury secretary says the administration's plan is fiscally responsible and would prevent taxes from going up on 98% of americans. >> we think that is a very good...
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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. >>> if the 2016 presidential election were held today, secretary of state hillary clinton would be a shoo-in. according to a new "washington post"/abc news poll 57% would support clinton to succeed president obama. 37% would not. ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating
. >>> if the 2016 presidential election were held today, secretary of state hillary clinton would be a shoo-in. according to a new "washington post"/abc news poll 57% would support clinton to succeed president obama. 37% would not. ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the...
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does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it costs a trillion dollars, roughly a trillion dollars over ten years. >> chris: not if you went to 37%. >> again, but you are -- >> that is one of the ideas, out there, sir, i'm not making it up. >> that is out there, and again we are proposing to let the rates go back to clinton levels and that was a time of remarkably good economic growth, in the country. strong private investment, and strong job growth, strong broad-based growth in incomes, and, it was a good time for the american economy and in addition we propose to limit deductions for the top 2% of americans as well and are willing to work with republicans
does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it...
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. >> chris christie against hillary clinton would be -- >> it would be a barn burner. >> one is careful and professional. the other is a wild swinger, you don't know what he's going to do, overweight, the whole thing. wow, what an election. thank you, michael steele. happy weekend. joy reid, relax this weekend. >>> speaking of chris christie, he gets what he's wanted his whole life. this guy is a regular guy in some ways. that's ahead on "hardball," the place for politics. >>> welcome back to "hardball." time for the "sideshow." first, governor chris christie, as i said, is an outrageous bruce springsteen fan. he's been to over 100 of the boss' concerts, but self-proclaimed liberal bruce himself hasn't returned the love until lately. last night christie told jon stewart about meeting springsteen at the nbc telethon for hurricane sandy. >> i was on the stage afterwards talking to steve van zandt and max, and all of a sudden they were looking behind me. they moved away and stopped talking. so i turned around, and there he was. >> and there he was. >> there he was. >> and he gave you -- >>
. >> chris christie against hillary clinton would be -- >> it would be a barn burner. >> one is careful and professional. the other is a wild swinger, you don't know what he's going to do, overweight, the whole thing. wow, what an election. thank you, michael steele. happy weekend. joy reid, relax this weekend. >>> speaking of chris christie, he gets what he's wanted his whole life. this guy is a regular guy in some ways. that's ahead on "hardball," the...
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. music is a universal language. but when i was in an accident.
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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clinton in the six-minute clip. this video seems like an international endorsement of a presidential campaign ad all rolled into one. but the kind words didn't stop there. hillary clinton's boss recorded this special message for her. >> through it all, i have relied on the shining qualities that have defined your life. your conviction, your optimism, your belief that america can and must be a force for good in the world. i'll say it again. you've been one of the best secretary of states in american history. >> there doesn't seem to be any democrats that could come close to hillary clinton or joe biden when it comes to running for president, but there's plenty of time. we're only three years and 11 months away from election day. let's turn to michael tomasky, correspondent for "the daily beast". it's a lot of fun to talk about it, but it's amazing -- not that she doesn't deserve it. it's a quick endorsement on all fronts globally. how do you compete with that? >> it's awfully tough to compete with that. the speculati
clinton in the six-minute clip. this video seems like an international endorsement of a presidential campaign ad all rolled into one. but the kind words didn't stop there. hillary clinton's boss recorded this special message for her. >> through it all, i have relied on the shining qualities that have defined your life. your conviction, your optimism, your belief that america can and must be a force for good in the world. i'll say it again. you've been one of the best secretary of states...
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clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine of growth, by spending money. this is something that the democrats believe in religiously, and they think that the only way to get the economy growing again is to spend a lot of money from the government. that's where the problem comes in. >> all right. when we come back. as he prepares for a second term. president obama faces the prospect of assembling a whole new national security team. a closer look who could fill the top post and a preview of the controversies to come next. and we can save you 10% on ground shipping over the ups store. look this isn't my
clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine...
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. >> the short list to succeed secretary of state, hillary clinton, susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she is an easy target, then they have a problem. >> senator mccain? >> thank you very much, mr. secretary. >> senator john mccain jokingly gave the nomination to john kerry. >> i think john kerry would be an excellent appointment and would be easily confirmed by his colleagues. >> he is listed also to replace leon pennetta. senior democrats say ashton carter is on the list and former nebraska senator, a republican, could represent a reach across the aisle. >> we are in a stronger position today as a country than we were in '07. >> tim geithner said he will stay at his post until inauguration. and the chief of staff is often named as a potential replacement. a poll asked if he thought president obama would pick good cabinet members. 58% said they thought he would. >> the u.s. military wants its people to be i
. >> the short list to succeed secretary of state, hillary clinton, susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she is an easy target, then they have a problem. >> senator mccain? >> thank you very much, mr. secretary. >> senator john mccain jokingly gave the nomination to john kerry. >>...
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fox news just learned by the way secretary of state hillary clinton will be testifying before the house foreign affairs committee on benghazi. that likely will happen before the end of the president's current term. >>> snow may be slowing north korea preparation for another rocket launch. south korean report that the north mounted all three stages of the vehicle may not have been accurate. satellite images indicate that the north could still be ready by monday. for what it says is the launch of a satellite. the west says it's not a satellite at all. just cover for testing missile technology. still ahead, remembering the glory days of america's manned space program. up first, though, remembering a day that will live in infamy. we will meet a man who sur viveed pearl harbor twice -- who survived pearl harbor twice. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. stop! stop! stop! come back here! humans -- w
fox news just learned by the way secretary of state hillary clinton will be testifying before the house foreign affairs committee on benghazi. that likely will happen before the end of the president's current term. >>> snow may be slowing north korea preparation for another rocket launch. south korean report that the north mounted all three stages of the vehicle may not have been accurate. satellite images indicate that the north could still be ready by monday. for what it says is the...
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we think they should go back to the clinton level and bipartisan that with tax reform in limited deductions for wealthy americans. that's an essential parent of any balanced agreement. now, that's not enough. we think we can go beyond that and lock in some carefully designed savings that helps us go back to living within our means. and the president lad out a very detailed, comprehensive plan for how best to do that. he put on theitable it $16 billion in savings, and they're very detailed, and they're very well designed-- >> schieffer: what gives you reason for optimism. speaker boehner says this is basically a stalemate. >> it's true that we're still a bit apart. and they're going to have to move further, and they're trying to figure out, again, what they do next in this context. again, we've given them a very detailed set of proposals. we're open to suggestions on how to do it differently. if they want to come back and say we'd like you to do this differently, do more of this, they should lay this out for us. >> schieffer: what is it what cannot change in your plan. >> our plan? >> schief
we think they should go back to the clinton level and bipartisan that with tax reform in limited deductions for wealthy americans. that's an essential parent of any balanced agreement. now, that's not enough. we think we can go beyond that and lock in some carefully designed savings that helps us go back to living within our means. and the president lad out a very detailed, comprehensive plan for how best to do that. he put on theitable it $16 billion in savings, and they're very detailed, and...
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. if we want to improve our schools... ... what should we inves
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...